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Industry Supports RHS Manufactured Housing Proposals

November 3, 2023
Monica Hogan
The U.S. Department of Agriculture plans to expand the options borrowers would have in using Rural Housing Service home loan programs for the purchase or renovation of manufactured housing.
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Around the Industry

November 3, 2023
Monica Hogan
White House backs conversion of commercial properties to residential housing; Community Home Lenders of America supports FHA move streamlining procedures following a loan case cancellation; HUD announces notice of sale of reverse mortgage notes; FHA extends disaster-related foreclosure moratorium in Maui; FHA manufactured housing appraisal requirements.
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Government Leaders Focus on Affordable Housing

October 20, 2023
Monica Hogan
Officials from FHA, VA and USDA spoke about their plans to promote affordable homeownership at the Mortgage Bankers Association’s annual convention this week.
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In Philly, Gordon Highlights FHA To-Do List

October 20, 2023
Monica Hogan
FHA Commissioner Julia Gordon this week returned to her hometown of Philadelphia to address attendees at the Mortgage Bankers Association’s annual convention.
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VA Updates Procedures for Refunds, Funding Fee Exemption

October 20, 2023
Monica Hogan
Before a VA loan closes, lenders should establish the funding fee exemption status of the borrower, VA clarified.
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Around the Industry

October 20, 2023
Monica Hogan
HUD to host hearing on appraisal bias; bipartisan Senate bill to inform veterans of home loan benefits introduced; USDA updates handbook; Ginnie Mae allows commingling in Platinum pool types; HUD expands funding for loans and grants in its Green and Resilient Retrofit Program; VA reduces premiums for Veterans’ Mortgage Life Insurance program.
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Gordon Expresses Frustration With FHA Funding Process

October 6, 2023
Monica Hogan
Speaking at a recent MISMO summit, FHA Commissioner Julia Gordon said her biggest frustrations at FHA center around technology and procurement.
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Court Rules Against FHA Loan Servicers in Pay-to-Pay Suit

October 6, 2023
Monica Hogan
The court ruled that charging pay-to-pay fees from borrowers who made monthly mortgage payments over the phone violated the Texas Debt Collection Act.
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HPC Reiterates Call for Standalone Partial Claim

October 6, 2023
Monica Hogan
FHA staff had asked HPC whether a repayment plan, an informal forbearance plan or a trial payment plan would be better options for delinquent borrowers rather than a standalone partial claim.
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VA Outlines Contingency Plan in Event of Government Shutdown

October 6, 2023
Monica Hogan
The VA circular came just one day before Congress averted a federal government shutdown with a 45-day continuing resolution.
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